British banker Evelyn de Rothschild, who developed the family bank and advised the late Queen Elizabeth II on financial matters, has died aged 91.
“Sir Evelyn died peacefully [on Monday] home in London after a short illness,” a family spokesperson said on Tuesday.
The businessman, who trained racehorses, devoted 42 years of his career to the family bank. He chaired Rothschilds Continuation Holdings, the entire group, from 1982 to 2003.
In 1968, he was appointed director of de Rothschild Frères, the French bank, and eight years later he became chairman and managing director of NM Rothschild, the international investment bank based in London, until 2003, date where he oversaw the merger of the family’s French bank. and branches in the UK.
NM Rothschild, now the UK branch of Rothschild & Co, increased its total assets from £40 million to £4.6 billion during his tenure, a statement said on Tuesday. It expanded the number of offices worldwide to more than 50 from 15.
He focused after his retirement on philanthropy and EL Rothschild, the family investment company, with his wife Lynn Forester de Rothschild, who survives him.
Rothschild, who was knighted by the Queen for his banking and financial services in 1989, has held numerous jobs in the private and public sectors.
Former president of The Economist for 17 years, he created the Eranda Rothschild Foundation to finance social protection and medical research. He chaired the medical school at St Mary’s Hospital in London from 1977 to 1988.
He was born in London in 1931 to Anthony de Rothschild and Yvonne Cahen d’Anvers of the Bischoffsheim banking family.